BancFirst Corp. (BANF) Tops Q4 EPS by 3c

BancFirst Corp. (NASDAQ: BANF) reported Q4 EPS of $1.07, $0.03 better than the analyst estimate of $1.04.

BancFirst Corporation CEO David Harlow commented, "The Company reported strong results for the fourth quarter and record earnings per share and net income for the year despite the headwind of lower interest rates during the second half of 2019. While net interest margin will continue to be under pressure in 2020, we were able to protect our margin in 2019 through loan growth, liability repricing, and the strength and size of our non-interest bearing deposit book. Non-interest income continued strong year-over-year growth while asset quality remained solid with 10bps of charge offs for the year. We are pleased with the integration of Pegasus Bank into BancFirst Corporation during the latter part of 2019 and are excited about the growth platform the Dallas market will provide the Company going forward. We will continue to build upon our core Oklahoma franchise as we have in the past through both organic growth and strategic acquisitions."

For earnings history and earnings-related data on BancFirst Corp. (BANF) click here.

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